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Indian economic growth slowest for three years
India’s economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing.
Gross domestic product rose 6.1 per cent in October to December compared with a year earlier, a lower than expected increase, figures from the federal statistics office showed.
That marked a sharp pullback from 6.9 percent growth in July to September and was the seventh successive quarterly slowdown, providing a gloomy backdrop for a central bank policy meeting and federal budget, both due in just over two weeks.